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Reforms in Chosen Transition Countries with Recommendations for Increasing Competitiveness

In: Serbia and the European Union: Economic Lessons from the New Member States

Author

Listed:
  • Vesna Parausic

    (Institute of Agricultural Economics)

  • Vladana Hamovic

    (Institute of Agricultural Economics)

  • Branko Mihailovic

    (Institute of Agricultural Economics)

Abstract

The authors put emphasis on 11 European countries (Serbia, Bosnia and Herzegovina, Albania, Macedonia, Croatia, Poland, Romania, Bulgaria, Hungary, Slovak Republic, Slovenia), for which a review was given on accomplished levels of transition reforms by European Bank for Reconstruction and Development, as well as latest evaluation of competitiveness in Competitiveness Report by World Economic Forum. These analyses endowed the authors to identify directions of competitiveness establishment and sustainable economic growth for chosen countries. In general, most of the countries are awaiting intense reforms in fields of: (1) reconstruction and enhancement of institutions and infrastructure; (2) securities market & non-bank financial institutions; (3) policy of competitiveness establishment and enhancement (4) promotion of efficiency in merchandise market and labor force; (5) further reconstruction and privatization of companies. In respect of competitiveness factors, as sophistication and innovation of business strategies, analyzed countries mostly fall behind the world, therefore these factors of competitiveness must receive particular attention in future.

Suggested Citation

  • Vesna Parausic & Vladana Hamovic & Branko Mihailovic, 2011. "Reforms in Chosen Transition Countries with Recommendations for Increasing Competitiveness," Book Chapters, in: Mirjana Radovic Markovic & Srdjan Redzepagic & João Sousa Andrade & Paulino Teixeira (ed.), Serbia and the European Union: Economic Lessons from the New Member States, edition 1, volume 1, chapter 15, pages 234-249, Institute of Economic Sciences.
    • Handle: RePEc:ibg:chaptr:srbeu-15
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